Sofia-based æternity Starfleet Incubator for blockchain startups has enabled two Kenyan based startups secure the needed funding for their projects. The startups, UTU Technologies and RideSafe took the top position in the final event of æternity Starfleet. UTU Technologies had developed a machine learning algorithm optimised for trust while RideSafe was a startup which provided health services to motorcycle taxi drivers.
The two startups were not the only ones to benefit from the event as
æternity and æternity Ventures, overseers of the global incubator programmes and partnerships, announced that a total nine projects made it to the finals and they will receive a combined sum of US$1.3 million in investment. US$150,000 went to a Croatian startup while RideSafe and the remaining teams had the remaining funds distributed amongst them. The platform was a great one for these startups as a number of investment funds and angel investors followed the event online.
Earlier in April, UTU had raised funding from Hong Kong-based accelerator Zeroth receiving US$200,000. The team also got an additional US$50,000 from æternity Ventures’ partner network. Jason Eisen, chief executive officer (CEO) of UTU Technologies was excited about the out come and said, “Even being invited to take part in the final event of æternity Starfleet was a huge privilege for our team, and winning the top prize is vindication for our tireless efforts to date. This is a strong vote of confidence from one of the leading authorities within the blockchain sphere, and æternity’s support has been incredibly beneficial during the Starfleet programme.”
On the other hand, Nikola Stojanow, CEO of æternity Ventures explained, “We are beyond excited to continue working with the æternity Ventures team, and look forward to taking our project to the next level with their guidance and vision.” Nikola was impressed by the dedication, potentials and passion of the teams. He also added, “The finalists have demonstrated an innate ability to take our feedback and fine-tune their business model and roadmap accordingly. I’m very excited to see the project progress to the next phase of development.”
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